Project detail - FORTIO CO. LTD.


Status: Completed investment
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Why disclosure?

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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Fortio Co. Ltd. ("Fortio") is a special purpose vehicle used as part of a COVID Liquidity Injection Plan ("CLIP") that is set up to provide liquidity support to portfolio companies of Falcon House Partners Indonesia Fund I (the "Fund") in which FMO is an existing investor. As such, the structure functions similarly to a quasi-annex fund or preferred equity facility to the Fund.

What is our funding objective?

FMO’s funding aims at supporting the Fund's portfolio companies that are affected by the COVID-19 pandemic.

Why do we fund this investment?

The investment will fill a financing gap and support decent work and economic growth.

What is the Environmental and Social categorization rationale?

The investment is considered E&S Category B, as the Fund has mainly invested in brownfield stage operating companies in sectors with medium/low E&S risks e.g. retail, F&B, hospitality, healthcare, which only trigger IFC Performance Standards PS 1, 2, 3 and occasionally 4.

Infrastructure, Manufacturing and Services
Effective date
End date
Total FMO financing
USD 6.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)